frequently asked questions

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Getting Started Wayni

In order to change your account details such as bank account details, e-mail account or your name, please contact Wayni support via support@wayni.co and we will do the change for you.

Wayni investors can earn an extra bonus by inviting their friends, acquaintances, and family members to join the platform. To receive your bonus, you should share your personal referral code (your Wayni code) with the potential new investor. You can find your code at the top of your virtual account page or under the referral program sub-menu in the account settings section. For each new investor who joins and provides your code, we will give you a 0.5% bonus on any investment they make in the first three months after their account activation. This bonus will be credited to your investment account after the project the friend invested in gets funded. The same bonus is given to your friend, who also earns a 0.5% bonus on their first three months of investment.

We are an online peer-to-peer (p2p) debt funding platform where property developers and entrepreneurs can borrow funds from abroad international investor base and investors can invest in secured property loans. Currently, the borrowers and properties are in Peru and United Kingdom whereas investments reach us from 108 countries.

Users are welcome to make their deposits to Wayni via SEPA payments, British bank link, but also through third party service providers such as Transferwise, Lemonway and Azimo. A user’s first deposit is the means to verify the bank account, hence the first deposit needs to be done from the investor’s personal bank account! If you are using the Transferwise service or Azimo, please make sure you are using a multi-currency account for your deposits. Please be aware that Wayni only accepts USD currency.

All the loans are backed with a mortgage. Once the loan is fully invested, the borrower has to go to the notary office and enter into an agreement with the Security Agent to create a mortgage. The mortgage will then be registered at the Land Register (with the Security Agent as mortgagee on behalf of the investors). The Security Agent is a separate limited liability company whose primary purpose is to hold securities for the benefit of investors making investments via Wayni. The name of the entity is Wayni. The entity is controlled by the leading Financial Conductual Authority (FCA) in UK.

The Wayni referral program allows our users to earn extra money. In order to become a part of our referral program, you’ll have to register with us. Once registered, you can share your personal referral code with your friends. If your friend registers using your referral code and makes an investment, we will add a 0.5% bonus of the total confirmed investments made by your friend into successfully funded projects to your and your friend’s accounts for the first three months of their Wayni membership. With this money, you can make investments, pay back loan repayments or withdraw it to your bank account!

Wayni makes it easy for investors to access a variety of real estate investments with a relatively small amount of capital and combine two market Europe and Latinoamerica. The minimum amount for investment is 50 USD, which enables investors to create a diversified portfolio. All loans are secured with a mortgage.

Wayni is a facilitator of real investments, we do not offer the management of assets. All investment contracts are signed between the borrower and the investor, Wayni simply facilitates this transaction. All client funds are separated from Wayni’s operational funds. Should EstateGuru suffer financial difficulties or go bankrupt, client funds are safe and can still be accessed. In such an unlikely event, a contractual entity will be appointed to take over the role of EstateGuru to serve all the investments.

Wayni is not a bank, thus we do not fall under the scope of banking laws and regulations. Like with most forms of investing, peer-to-peer lending carries a degree of risk. We reduce this risk to our investors by conducting thorough due diligence and by taking asset security on every loan, in case the borrower is unable to repay their loan. Wayni does not guarantee your loans.

After the credit crunch and the resultant recession, the risk appetite of banks was reduced significantly, which means that banks have tightened their lending criteria. Banks have strict criteria, which is not borrower friendly and thus many loan applications are rejected by banks. Wayni is a small and flexible organization which is willing to help companies that are denied financing by banks despite their strong business plan and solid collateral.

An unsecured loan is a loan which does not have any collateral in place, such as land or apartment, and is solely based on a borrower’s credit history and potential ability to repay. Secured loans have assets as collateral so that if a borrower cannot repay the loan, Loan’s security agent represented by a law firm  will start the asset sales process. Hereby, the risk of losing the money is minimized..

First you need to sign up as an investor on our platform. Then you need to visit your email account and activate your user account. Before you are allowed to start investing, you are required to send us an accurate copy of your government-issued identification document, fill in the required AML information and an appropriateness questionnaire. Transfer money to your Wayni virtual account. Choose a loan you would like to invest in. All loan repayments and interest accrued is held on your Wayni account.

EstateGuru charges a 2% fee for selling claims via the secondary market function (the fee is applied to the seller) and a €1 service fee which is calculated and charged every time an investor withdraws funds from the virtual account.

Investors’ money is held in a separate client money bank account. The account is separate from Wayni’s operational bank account and is protected in the unlikely event that anything happens with Wayni. Any uninvested money that is in your account can be withdrawn instantly. 

Yes. You need to create an investor account with  registration company form, Make sure to add the full name of your business and the correct registry code. You had register as personal. You should send an email to support@wayni.co

Yes, the interest rate paid by the borrower is fixed throughout the loan period. The payment frequency and interest rate can vary depending on the loan type.

The interest that you receive from borrowers is gross income, which means that Wayni does not deduct any tax from the amount. All interest earned from loans is treated by tax authorities as investment income and thus subject to income tax. Investors have the possibility to postpone paying the income tax by investing through a juridical entity, but will still be liable for tax. Wayni does not provide tax-related advice and recommend that you turn to a local tax advisor for additional information.

Requested loan amount, period, interest and repayment schedule Description of the project – how will be the money used; description of the mortgage (location, condition). Appraisal report Business plan Pictures If applicable, information about previous projects and introduction of the borrower. All documents can be uploaded in the loan application form. Additional documents can be sent to support@wayni.co

We will make contact with potential borrowers soon after an enquiry or application has been made. We will go through the loan application in detail and ask more questions or for additional documentation where necessary. It will take approximately 2-3 days to evaluate the application and write the loan application, assuming all paperwork is in place. After the final examination is made the loan will be opened for investing on the platform. The syndication process can take anything from a few minutes up to 2 weeks. How fast the project is funded depends mostly on the attractiveness of the project.

Wayni charges 3-4% of the total loan amount in case of the successful funding process and a 0-2% annual administration fee. In case of a delay in the loan repayment, several penalty fees need to be paid by the borrower.

Adding Funds

To change your bank account on the virtual platform you need to make a deposit from the new bank account first. This will enable us to verify your bank account. If the verified bank account belongs to the investor, the new bank account details are automatically saved on the virtual platform. When making future withdrawals, you can choose to which linked bank account you wish to conduct withdrawals.

Users are welcome to make their deposits to Wayni via British bank link, but also through third party service providers such as Transferwise, Lemonway and Azimo. A user’s first deposit is the means to verify the bank account, hence the first deposit needs to be done from the investor’s personal bank account! If you are using the Transferwise service or Azimo, please make sure you are using a multi-currency account for your deposits. Please be aware that Wayni only accepts USD currency.

Once the funds have arrived in our bank account, they are allocated to your virtual account at regular intervals during the day, from Monday to Friday. At the weekends, this may take more time. How quickly the funds will be in your account depends mostly on which bank you use. Our experience shows that it usually takes 1 day in UK and 2-4 days in other countries.Should you have any concerns regarding transfers, do not hesitate to ask us. We are here to help. All details required for making the payment can be found on our webpage under the contact section. Please note that only one bank account can be tied to your Wayni account. The withdrawals are only made to the account you have registering in the Wayni system. The bank account owner’s name has to match the Wayni username to have the withdrawal accepted. These steps are required to ensure that your funds are not compromised, even if someone manages to get hold of your account access details.

Investors’ money is held in a separate client money bank account. The account is separate from Wayni’s operational bank account and is protected in the unlikely event that anything happens with Wayni. Any uninvested money that is in your account can be withdrawn instantly. You should analyze cost from your bank when You withdrawal.

Investing

Development loan is a loan used to finance the development’s planning process or the development/construction of the property itself. A bridge loan is a short-term loan used to meet current obligations before securing a permanent financing option, enhancing the value of the property or selling the underlying asset. A business loan is a loan used to raise capital for supporting the day-to-day activities of the firm, business expansion, acquisition of equipment or goods, cover pending obligations (taxes, etc.). Despite the loan type, all Wayni’s loans are secured with a mortgage.

Many developers face the challenge in which the current value of their development object does not enable them to raise the capital that is needed to complete the development object entirely. As Wayni only lends against the current value of the collateral not the future value, then for development loans we often make use of the stage financing method. This means that when the first investment round of an object enables the borrower to increase the collateral value of the property by developing the object further, then in the context of the given LTV the investment amount can increase via next stages of the loan. All loans are funded solely based on the current value of the object and a precondition for every stage is a new updated valuation report of the collateral.

Projected LTV represents an LTV figure that Wayni’s team is willing to offer for this particular project as a maximum. This indicates that within the next upcoming stages of the loan the LTV of the loan might increase up to the projected LTV figure.

“Pending” status indicates that the funds have been raised to finance the loan, however the notary transaction has not occurred yet. Normally the notary transaction will occur within 1 week from the end of the syndication period, however according to Wayni’s loan terms the interest calculation will begin by end of 15 calendar days + 10 working days from the end of the syndication period.

Once a loan is in “fully invested” status and has not reached the notary transaction just yet, then all adequate investments are marked in investors’ portfolios as “reserved” funds.

All investors who’s investments exceed €100,000 and who express the wish to join can become a member of Wayni Premium.

You must be at least 18 years old and have a bank account on the world in order to lend through Wayni. We also have to perform certain “know your customer” checks before you can start investing with Wayni.

To invest on the platform your bank account needs to be verified. Hence, the first deposit needs to be done from the investor’s personal bank account. If you have made the first deposit from your personal bank account but investing is still not possible, please contact Wayni customer support.

All investors who’s investments exceed 100,000 USD and who express the wish to join can become a member of Wayni Premium.

The minimum investment amount is 50 USD.

Depending on the project characteristics the annual interest rate can range between 3% and 6%.

All the loans are backed with a mortgage. Once the loan is fully invested, the borrower has to go to the notary office and enter into an agreement with the Security Agent to create a mortgage. The mortgage will then be registered at the Land Register (with the Security Agent as mortgagee on behalf of the investors). The Security Agent is a separate limited liability company whose primary purpose is to hold securities for the benefit of investors making investments via Wayni.

The loan is in “open” status if the syndication period is ongoing and investing in the loan is still possible. Once the loan is full, the loan is placed to “fully invested” status.

Wayni Premium will not affect the position of the platform’s retail investors – we will ensure that a suitable proportion of the loan is always left for the retail investors. However, the Premium program will enable us to plan the platform’s loans better and increase the volumes. Also, to decrease the syndication period of the loan and thereby increase the average return for the investors.

Wayni makes it easy for investors to access a variety of real estate investments with a relatively small amount of capital. The minimum amount for investment is 50 USD, which enables investors to create a diversified portfolio. All loans are secured with a mortgage.

We do not pay interest on uninvested funds. To get the best return from using our platform you should invest your money into open projects to minimize uninvested funds. Wayni also has an Auto Invest function which will take care of your investments without you having to worry about it.

You will start earning interest after the required documentation and creation of pledge is completed.

The aim of inspecting the borrower is to assess the company’s ability to pay back the loan. We do a thorough investigation of the borrowers’ background, creditworthiness and current obligations. If applicable, the business plan and financial statements will also be investigated.

About Loans

Bullet repayment schedule means that loan interest is being paid periodically and principal amount is being paid at the end of the loan period. Full bullet schedule indicated that both interest and principal are being paid at the end of the loan period.

Only companies registered in and with a bank account in UK and Peru can currently borrow through Wayni. We will have to perform “know your customer” checks and approve your real estate project before you are allowed to post your loan application on Wayni.

Property backed loan applications in UK and Peru which are approved by our team can access funding through Wayni. However, there is no limitation on the type of projects that can be submitted for approval. As long as the loan application has a property element to it and the property is capable of being used as security against the debt, you are free to submit it for approval.

The borrower signs up on Wayni and fills in the loan request. Wayni will assess the borrower’s creditworthiness, business plan, and the appraisal report of the collateral, to ensure the borrower is able to make the loan repayments and to avoid a situation, where investors’ capital is at risk. After approval of the loan request, the loan will be released on the Wayni platform, where investors can assess the risk and invest into the loan. When the loan is funded, the pledge will be created and the loan will be paid out to the borrower. In case the loan does not get funded, the contracts will end instantly and all the invested funds will be released to the respective investors’ accounts. The borrower also has the option to accept only the amount that was raised. The borrower is obliged to make the repayments according to the agreed repayment schedule. The investors can track all repayments on the portfolio page and withdraw or reinvest all the receivables.

You are asked to specify the target funding amount and your desired pricing when you apply for funding on the Wayni platform. Once we have approved your project and performed all other checks, we will discuss and agree on an appropriate interest rate level with you before you can publish your loan request. All loans are granted with a fixed interest rate. The target funding amount can be anywhere from 20,000 USD to 1 million USD. Loans are amortising with a tenor of 6 months to 5 years.

To apply for a loan you need to register as a borrower, fill in the loan application and provide us with documentation required in the application form. Do not hesitate to contact us if you have a question or concerns at support@wayni.co

Wayni charges 4-6% of the total loan amount in case of the successful funding process and a 0-2% annual administration fee. In case of a delay in the loan repayment, several penalty fees need to be paid by the borrower.

Borrowers are able to repay the loan earlier and interest for the investors will be calculated and charged based on the number of days the funds were at the borrower’s possession.

Yes, borrowers are able to extend the loan period. Before the loan is extended, Wayni will ask the reasons behind the decision. If the reasons are acceptable, the borrower is required to pay 100€ to update the contract.

Yes, we do offer loans secured by land or forest.

Withdrawals

Wayni doesnt have a cost. but You should check cost from your bank account.

To change your bank account on the virtual platform you need to make a deposit from the new bank account first. This will enable us to verify your bank account. If the verified bank account belongs to the investor, the new bank account details are automatically saved on the virtual platform. When making future withdrawals, you can choose to which linked bank account you wish to conduct withdrawals.

Auto Invest

The minimum investment amount is 50 USD.

Auto Invest is a feature which will make investments for you based on your predetermined criteria. When a loan is published on the platform Auto Invest investors’ funds are placed into the loan first, before it is released for manual investing.

The main keywords for the Auto Invest feature are comfort, speed and automatization. Auto Invest ensures you will not miss an investment opportunity due to high demand and the investment will be placed based on your chosen criteria automatically, without you having to stress about it. Auto Invest enables you to build a diversified portfolio, in which all the projects are chosen by a professional team who stands for the success of your investments. Auto Invest enables you to reinvest your income at the earliest opportunity. This way you start earning interest on committed funds as soon as possible.

Your money will be spread based on the investment amount you have entered at the Auto Invest activation page. Your investments will be placed into the loans according to the same sequence they appear on the platform. For more specific explanation please read the user terms in which the allocation process is explained in more detail.

Of course. You can choose to dismiss the Auto Invest feature and keep a close eye on your investments while following the investment process manually. You can easily activate or deactivate the Auto Invest feature from the activation page. It is important to keep in mind that all regulations applicable for manual investments also apply for investments made through the Auto Invest feature.

You can easily change your Auto Invest settings at any time. Go to the Auto Invest activation page and you will be able to change the settings as you see fit.